“The Indian markets have shown early signs of recovery and India will become one of the world’s economic engines. Hence, it is a very important market for us and we have strengthened our presence in India through this launch,” the bank’s head of private banking, Fidelis M Goetz, said.

“The Sarasin group has its roots as a boutique bank and is committed to providing its top-quality products and services to a growing number of wealthy private clients,” the release said.

The launch of the operations in India and the opening of the new offices in Mumbai and Delhi mark the Sarasin group’s commitment to expanding its presence in south Asia and the next stage in the successful implementation of the group’s international growth strategy, it added.